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News Corp. shareholders to vote on split June 11
Tuesday - 4/30/2013, 12:28pm EDT
NEW YORK (AP) -- News Corp. says June 11 will be the date of a special shareholders meeting to approve a plan to split into two companies.
The split is expected to be completed by this summer. The company that will retain the News Corp. name will own book publishers and newspapers, including The Wall Street Journal. Another company called 21st Century Fox will focus on entertainment, anchored by a movie studio and the Fox television network. Both companies will trade publicly, under different stock tickers.
Rupert Murdoch will be chairman of both companies and CEO of Fox.
The meeting will be held in New York at 10 a.m. Shareholders as of April 19 will be eligible to vote.
News Corp. released details of the meeting in a regulatory filing Tuesday.
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